Midday update for Gold 11-10-2018
Economies.com
2018-10-11 09:53AM UTC
Gold price shows positive trading now to surpass the EMA50, on its way for a potential test to the key resistance 1208.40, and as we mentioned in our recent reports, settling below this level keeps our bearish overview valid, supported by the clear overbought signals that appears through stochastic, waiting to head towards our negative targets that begin at 1180.00 and extend to 1160.00.
Expected trading range for today is between 1170.00 support and 1200.00 resistance.
Expected trend for today: Bearish
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